NYK's navigation support tool recognized [Shipping]
NYK has been recognized with a special award from the Japan Institute of Navigation for improving onboard operation through use of J-Marine NeCST, a ship navigation support tool that was jointly developed by NYK, MTI Co. Ltd., and Japan Radio Co....
2019-07-22 08:40:50
DNV provides SIP in preparation for 2020 [Shipping]
As the days count down to the entry into force of the 2020 0.5% sulphur cap, preparation is key. DNV GL offers a free web-based application of the Ship Implementation Plan (SIP) that ship owners and managers can use to prepare vessel-specific SIP...
2019-07-22 08:40:07
Nantong Xiangyu wins Chem TK from Japan [Shipbuilding]
Nisshin Shipping of Japan reportedly orders stainless-steel chemical tankers from Chinese shipyard. It seems that, according to TradeWinds and industrial source, the Japanese operator books eight stainless-steel chemical tankers with LNG dual-...
2019-07-22 08:29:21
Russia grants $800m for NB LNGC [Finance]
The Russian government turns out to have allocated subsidies of about RUB 50bn (approximately $800m) to build ice-breaking LNG carriers for the 'Arctic LNG 2' project.  According to a local media outlet, Denis Manturov, Russia's Industry ...
2019-07-22 08:28:56
"No actual profit expected from CSSC-CSIC merger" [Shipbuilding]
The merger between two giant Chinese shipbuilders China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC) has recently been officialized. While there are diverse views on the launching of Chinese mega-sized ...
2019-07-22 08:28:23
Andromeda invests in LR2 built by DHSC [Shipbuilding]
International Andromeda Shipping of Monaco purchased 50% stakes in two LR2 product carriers (PCs) from Clearlake Shipping, Gunvor's wholly-owned shipping division.  According to TradeWinds and industrial source, the newbuilds (Hull No H50...
2019-07-22 08:27:55
"Restructuring is up to creditors" [Finance]
The Ministry of Trade, Industry and Energy (MOTIE) of Korea stated on July 19 that “when Minister Sung Yun-mo met lawmaker Park Jie-won, the minister quoted KDB’s stand that the creditors had not considered the merger of small and mid-sized s...
2019-07-22 08:27:23
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